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14-34 110th Street

Hengjiang Mu's Cpnyc88 LLC Acquires Waterview Marina Condos In College Point For $14M
SOLDCondo

Hengjiang Mu's Cpnyc88 LLC Acquires Waterview Marina Condos In College Point For $14M

14-34 110th Street

$14,000,000

$208/SF

Building Size

67,047 SF

Asset Type

Condo

Closing

Oct 23, 2023

AI

Hengjiang Mu, operating via Cpnyc88 LLC, acquired the Waterview Marina Condominium units located at 14-34 110th Street in College Point, Queens. The transaction was finalized on October 23, 2023, with an acquisition price of $14 million. The condo units span a total area of 67,047 square feet, resulting in a price per square foot of $209.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $14,000,000
  • Address: 14-34 110th Street
  • Market: College Point, Queens
  • Buyer: Hengjiang Mu - Cpnyc88 LLC
  • Seller: Sam Chang - McSam Hotel Group
  • Square Footage: 67,047
  • Price per Square Foot: $209

Hengjiang Mu, represented by Cpnyc88 LLC, successfully purchased the Waterview Marina Condominium units from Sam Chang's Wv Marina Properties LLC. This transaction marks an important acquisition in the College Point market, further strengthening Hengjiang Mu's real estate portfolio.

Players

Sam Chang

McSam Hotel Group

Seller

$1.5B

vol

25 deals

Seller

College Point Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93